Sykes Enterprises, Incorporated Reports Third Quarter 2007 Financial Results
Solid Third Quarter Financial Results Boosts Full-Year Revenue and EPS Outlook TAMPA, Fla., Nov 5, 2007 (PrimeNewswire via COMTEX News Network) -- Sykes Enterprises, Incorporated ("SYKES" or the "Company")(Nasdaq:SYKE), a global leader in providing outsourced customer contact management solutions and services in the business process outsourcing (BPO) arena, announced today financial results for the third quarter of 2007, the highlights of which are as follows:
(In millions, except per share data) Third Quarter Third Quarter
2007 2006
Revenues $176.1 $149.3
Income from Operations $14.9 $21.8 (a)
Net Income $12.3 $16.5
EPS $0.30 $0.41 (b)
(a) A pre-tax gain of approximately $13.9 million related to the sale of four U.S. customer contact management centers and a $2 million charitable donation are included in the third quarter of 2006.
(b) Earnings per share (EPS) for the third quarter of 2006 included a net after-tax gain of approximately $0.18 per share related to the sale of four U.S. customer contact management centers and the charitable contribution.
- Third quarter 2007 revenues were a record $176.1 million, up 18%, reflecting sustained growth in customer care demand in markets across the Americas and EMEA regions
- Third quarter 2007 revenue growth was split roughly 60% and 40% between new and existing client relationships, respectively, and remained broad based; the top-40 clients, which represented over three-quarters of total revenues, were up approximately 24% over the comparable quarter
- Third quarter 2007 operating margin was 8.5% versus 14.6% in the comparable quarter last year; third quarter 2006 operating margin includes 7.9% of margin contribution from the sale of four U.S. customer contact management centers and the charitable contribution
